International Auditing and Assurance Standards Board
The International Auditing and Assurance Standards Board, or IAASB, is an independent standard-setting body that develops international auditing, quality management, assurance and related services standards. Adoption and legal force depend on the jurisdiction and engagement.
Worked example
An auditor uses the applicable ISA issued by the IAASB when auditing financial statements under international auditing standards.
Common mistake
Do not assume the IAASB itself enforces every country’s audit law or that all standards apply to every engagement.
Where it appears in your exams
| Qualification | Exam | Relationship | Period |
|---|---|---|---|
| ACCA | AAA (INT) | Supporting | September 2026–June 2027 |